Commercial Real Estate & Business News – September 12, 2023

For the past three years the multifamily sector has experienced a construction boom not seen since the 1970s, which has helped lead to the current moderation of rents. However that may be about to change. According to a new report by Greg Willett of Institutional Property Advisors, rents could resume…»

One of the first projects approved will end up being one of the city’s tallest buildings Tempe City Council has approved hundreds of new apartment units, part of a prominent multifamily tower to be built. In separate actions on Sept. 7, Council approved a resolution for…»

Casa Grande quickly became one of the major landing spots for semiconductor industry companies after luring a major electric vehicle manufacturer. That fast-tracked economic growth is changing the shape of the Pinal County city and altering its mix of industries. Lucid, a luxury…»

While it’s crucial for apartment operators to meet modern-day renters where they are, it’s equally essential to anticipate the ways renter behaviors will morph moving forward. So how can operators gauge what’s next? For perhaps the most accurate depiction of what to expect in the coming years…»

Some 24 Albertsons stores in Arizona, roughly one-fifth of the locations the company owns here, will have new ownership, under a divestiture agreement announced Friday that’s pegged to the Kroger-Albertsons merger. The stores will be sold to C&S Wholesale Grocers under an agreement with…»